Fiscal Year End
The fund seeks long-term growth of capital.
The fund will normally invest at least 80% of net assets in the common stocks of companies expected to benefit from the development, advancement, and use of science and/or technology. Companies in industries such as electronics, communications, e-commerce, information services, life sciences, media, environmental services, chemicals, synthetic materials, defense, and aerospace are likely to be in the portfolio.
Individuals who seek an aggressive approach to capital growth and who can accept the risk of loss inherent in common stock investing. Appropriate for both regular and tax-deferred accounts, such as IRAs.
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We believe that rapid advances in science and technology offer substantial opportunities for superior long-term capital appreciation. As leading-edge products and services gain acceptance, the companies behind them often enjoy exceptional growth. This growth is often reflected in rising stock prices.
Since this fund is focused on the science and technology industries, it is less diversified and more volatile than stock funds investing in a broader range of industries. In addition, technology stocks historically have experienced unusually wide price swings, both up and down. The potential for wide variation in performance reflects the special risks common to companies in the rapidly changing field of technology.